Stories tagged: banking
UPDATED: Fri., Dec. 20, 2019
The chairman of the powerful Senate Banking Committee said this week he’d like to see several changes to a bill allowing banks and cannabis companies to work together without fear …
Mon., Oct. 21, 2019
JPMorgan Chase & Co. is announcing an expansion of its policy to hire more people with criminal records, potentially giving more former offenders a second chance to find work.
UPDATED: Wed., Sept. 25, 2019
The congresswoman said she supported the bill because of its limited scope, and potential to reduce crime by allowing state-approved marijuana firms from conducting business solely with cash.
UPDATED: Tue., June 25, 2019
Forbes magazine has named Horizon Credit Union as one of the top five credit unions in Washington. The Spokane Valley-based credit union is ranked third on Forbes’ list of America’s …
UPDATED: Wed., Feb. 20, 2019
Spokane Federal Credit Union broke ground Tuesday on its new Spokane Valley branch that will share a space with Revel 77 Coffee.
Tue., Oct. 2, 2018
The largest piece of legislation passed by this Congress was last year’s federal tax bill, which made sweeping changes to both individual and corporate filers. Rep. Cathy McMorris Rodgers says …
UPDATED: Sat., Aug. 18, 2018
At head of JPMorgan Chase’s operations in the Northwest, Phyllis Campbell looks back on upward career path
As chairwoman of the Pacific Northwest for JPMorgan Chase & Co. – the most senior executive in Washington, Oregon and Idaho – Phyllis Campbell is giving back to the community …
UPDATED: Wed., July 18, 2018
Inland Northwest Bank’s parent company reported improved second quarter results Wednesday, as the company moves closer to a merger with a Montana bank.
Wed., June 20, 2018
State Treasurer Duane Davidson is working to get Congress to change federal laws and open banking to marijuana businesses in states where it’s legal.
UPDATED: Thu., May 24, 2018
President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he …
UPDATED: Tue., May 22, 2018
Congress moved Tuesday to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and …
Tue., May 8, 2018
The House will take up a Senate-passed bill rolling back banking regulations, breaking an impasse that imperiled passage of the legislation that is backed by the White House, Republicans and …
UPDATED: Thu., April 26, 2018
A Montana company is buying Inland Northwest Bank – the latest acquisition of a publicly traded company headquartered in Spokane.
Sun., April 22, 2018
Roughly 7 out of every 10 adults worldwide now have some form of bank account, the World Bank said last week, largely because of the proliferation of cellphone-based bank accounts …
UPDATED: Fri., April 20, 2018
Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant …
Thu., Jan. 25, 2018
The parent company of Banner Bank reported $13.5 million in fourth-quarter losses, which officials attributed to a one-time tax expense.
UPDATED: Tue., Jan. 2, 2018
A Spokane bank raised its starting wage to $15 per hour and gave out year-end bonuses in reaction to federal tax reform. INB officials say the raises benefit the community …
UPDATED: Tue., Nov. 7, 2017
Even though ATM skimming has not yet become a major problem in the Northwest, a Seattle-based bank wants to be ahead of the crime wave by rolling out technology that …
Mon., Oct. 23, 2017
New U.S. sanctions against the militant Hezbollah group expected to be released in the near future are not likely to affect the country’s banking sector that is the backbone of …
Mon., Oct. 9, 2017
The southwest corner of Riverside Avenue and Howard Street has been the epicenter of the Spokane banking business for more than 120 years.
Wed., Sept. 13, 2017
Hawaii said Tuesday that it aims to be the first state to have marijuana sales handled without cash, saying it wanted to avoid robberies and other crimes targeting dispensaries.
UPDATED: Fri., Aug. 25, 2017
Federal Reserve Chair Janet Yellen on Friday defended the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system’s health and …
Wed., Aug. 2, 2017
The “Goldilocks” rally still has juice. That perfect environment to sustain broad market gains – when global growth is fast enough to lift corporate profits, but tame enough to keep …
UPDATED: Thu., July 27, 2017
Executives at Banner Corp., the parent company of Banner Bank and Islanders Bank, said strong business activity led to growth in its second quarter income.
Thu., July 20, 2017
Long-term U.S. mortgage rates declined this week after two straight weeks of increases. The benchmark 30-year rate slipped back below the significant 4 percent level.
UPDATED: Wed., July 19, 2017
Bad news for financial titans like JPMorgan Chase’s Jamie Dimon and Goldman Sachs Group’s Lloyd Blankfein: Most Americans hold unfavorable views of Wall Street banks and corporate executives, and distrust …
UPDATED: Fri., July 14, 2017
Wells Fargo said its profit edged higher in the second quarter as the bank got a boost from rising interest rates and the planned sale of its insurance service business.
UPDATED: Fri., July 14, 2017
Jamie Dimon, the chief executive of the nation’s largest bank, vented his irritation with politicians and the news media on Friday, arguing that the nation is spending too much time …
Fri., July 7, 2017
The Federal Reserve said Friday it expects the U.S. economy will strengthen and warrant further gradual increases in its key interest rate.
Thu., July 6, 2017
Long-term U.S. mortgage rates rose this week to highest level since mid-May.